FTSE seen cautious ahead of UK earnings data

London equities are once again seen starting their session on a cautious note, as tensions between the US and North Korea continue, and with traders looking to UK average earnings and jobless data out mid-morning.

The market sees the average earnings numbers as important in relation to yesterday’s consumer-price index, which came in at 2.3% for March, as they reveal whether worker remuneration is keeping pace with inflation, or not.

Traders and investors will also be keeping an on the North Korea situation, after Trump tweeted yesterday that the country was “looking for trouble” and the US would “solve the problem,” with or without China’s help.

North Korea cautioned it would respond to “reckless acts of aggression” by the US with “whatever methods the US wants to take”, a statement that followed American navy ships being redirected towards its waters.


In the US last night, the Dow Jones Industrial Average fell 0.03% to 20,651.3, the S&P 500 eased 0.14% to 2353.78 and the Nasdaq Composite slipped 0.24% to 5866.77.

In Asia this morning, the Nikkei 225 had fallen 1.23% to 18,517.13, while the Hang Seng retreated 0.17% to 24,046.47.

At 6.01am, WTI crude was up 0.24% to $53.53/bbl and and Brent was up 0.3% to $56.40/bbl. Gold was up 0.23% to $1277.1/oz, with silver also ahead and copper down.


Interim results are due from Carrs, Page and WH Smith. Final results are expected from Tesco. Trading statements are due from Dunelm and Page, with a shareholder meeting scheduled for TMT Investments.

Story provided by StockMarketWire.com


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